Thanks for any input provided. Again I am by no means asking legal advise so I understand that is a necessity that I really don't control. All I can do is make recommendations. Some times they listen to me and some times they don't.
Maybe it's the area I live in but even the cheap full blown nursing care facilities are around $8,000 per month. Spending an extra couple thousand a month is not unreasonable if she's well taken care of.
I also agree the reverse mortgage seems a little "scammy" and an easy place to take advantage of older folks.
Based on my OP about reverse mortgages I didn't really feel the need to get into the details of what the farm is but here we go. There are 115 acres of wooded ridge ground. There are 115 acres of fields/house&yard/barn. The roughly 100 acres of tillable ground gets rented to the neighbor. I honestly don't know the history of why my family discontinued farming it once my great grandfather passed. There are 2 uncles and they had their own jobs not on the farm so I assume that's why.
3 of the five children border the property and want to retain it to rent the farm house and land. They don't want it getting developed.
Ultimately, yes they need to consult with an attorney to see what their options are. I was just curious on reverse mortgages and experiences from like minded people.
Upload one or more videos to your post. Photo and video filesizes should be less than 8MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
